4 Key Perks of Renting Near the Paya Lebar Business Hub

Working in Singapore as an expat, and not sure which neighbourhood you should live in?

Previously, expats in Singapore used to congregate in areas such as River Valley and Holland Village. These days, though, we’re seeing expats becoming more adventurous, and move out into other neighbourhoods, including Paya Lebar.

In this blog post, we share four benefits of renting an apartment near Paya Lebar (or more specifically: the Payar Lebar business hub). Read on to find out more!

#1: Plenty of office buildings nearby

Back in 2008, Singapore’s Urban Development Authority (URA) identified Paya Lebar as a potential business hub, and since then, it’s been hard at work developing the area as an alternative hub to Singapore’s CBD.

If your office happens to be located at Paya Lebar Square (or any of the other office buildings in the Paya Lebar area), then staying at Paya Lebar will help you cut back on your travelling time. There’s nothing quite like being able to wake up 30 minutes before you’re supposed to clock in, and still making it to your office on time!

#2: The newly re-opened SingPost Centre

After undergoing a $150 million renovation, SingPost Centre reopened just recently in 2017, and it now lays claim to being the largest eCommerce mall in Asia.

The mall’s anchor tenants include NTUC FairPrice, Golden Village, and Kopitiam, and it also houses 40+ cafes, eateries, and restaurants which will have diners spoilt for choice. SingPost Centre also features a myriad of “technology-enabled innovations”, such as a scan-and-go system that allows shoppers to collect scanners at the entrance of the Fairprice supermarket, and scan items as they shop. Pretty cool, huh?

#3: Affordable prices

While Paya Lebar is a business and commercial hub in its own right, you’ll find that apartments here are a lot more affordable to rent (as compared to apartments in Singapore’s core CBD).

Say you’re looking to rent a one-bedroom condominium, for instance.

You can get a unit at Lotus at Paya Lebar (located five minutes away from Paya Lebar MRT) from $2,395+ per month. A one-bedroom apartment at Icon (three minutes away from Tanjong Pagar  MRT station), on the other hand, will set you back by a minimum of $3,000 per month. Basically, staying at Paya Lebar could potentially save you $600 per month, or $7,200 per year.

#4: Easy access to the rest of Singapore

Last but not least, staying at Paya Lebar gives you easy access to the rest of Singapore.

From Paya Lebar MRT station, commuters can access both the East-West line and Circle line. Getting from Paya Lebar to Orchard takes approximately 30 minutes, and you can travel from Paya Lebar to Raffles Place in just 20 minutes.

If you’re intending to use cabs as your primary means of transport, even better. Paya Lebar is well-connected to the rest of Singapore via the Kallang-Paya Lebar Expressway (KPE) and Pan Island Expressway (PIE), and driving from Paya Lebar to town typically takes just 10 to 15 minutes.

Thinking of renting an apartment near the Paya Lebar business hub? Voice your thoughts in our comments section or on our Facebook community page.

Looking for a property? Find the home of your dreams today on Singapore’s largest property portal 99.co! You can also access a wide range of tools to calculate your down payments and loan repayments, to make an informed purchase.

Image credits for featured image: StreetDirectory.com.